Business Context and Reporting Period
This Form 6-K filing by STMicroelectronics N.V. is dated May 30, 2012. It reports on the outcomes of the Company's 2012 Annual General Meeting (AGM) held in Amsterdam on the same date. STMicroelectronics is a global leader in the semiconductor market, focusing on sense and power technologies and multimedia convergence applications.
Key Financial Metrics
The filing references the Company's 2011 net revenues of $9.73 billion. Specific figures for profit, cash flow, margins, debt, or liquidity are not provided in this document; the filing notes that the 2011 accounts reported under U.S. GAAP were previously filed on Form 20-F on March 5, 2012.
Material Changes and Corporate Actions
- Board Appointment: Shareholders approved the appointment of Ms. Martine Verluyten as a new member of the Supervisory Board for a three-year term, replacing Mr. Doug Dunn.
- Financial Approval: The 2011 accounts reported in accordance with International Financial Reporting Standards (IFRS) were approved.
- Dividend Declaration: A cash dividend of US$0.40 per share was approved, to be paid in four equal quarterly installments.
Guidance, Outlook, and Dividend Schedule
The filing does not contain forward-looking guidance, management commentary on future operations, or specific risk factors beyond the standard corporate governance updates. The primary operational detail provided is the dividend payment schedule:
| Quarter | Ex-Dividend Date | Payment Date (Europe) | Payment Date (NYSE) |
|---|---|---|---|
| Q2 2012 | June 4, 2012 | June 7, 2012 | June 12, 2012 |
| Q3 2012 | August 20, 2012 | August 23, 2012 | August 28, 2012 |
| Q4 2012 | November 26, 2012 | November 29, 2012 | December 4, 2012 |
| Q1 2013 | February 18, 2013 | February 21, 2013 | February 26, 2013 |
Note: The first installment was moved to June 2012 to ensure appropriate market functioning following the AGM date.
Investor Verification Checklist
- Verify the 2011 financial performance details (profit, cash flow, debt) in the Form 20-F filed on March 5, 2012.
- Confirm the ex-dividend dates and record dates for the specific stock exchange where shares are held (Europe vs. NYSE).
- Review the draft minutes of the AGM on the company website (www.st.com) once posted in June 2012 for detailed voting results.
- Monitor the Supervisory Board composition changes effective immediately following the AGM.